Recent Acumatica Acquisition Promises New Potential for Growing Customers
Acumatica was founded in 2008 and for years has been operating as one of the top names in cloud-based ERP software. It has stood out to merchants and users for their impressive product line and commitment to improving their service and paving the way for new advances in technology and business. In 2013, Acumatica was ranked number 1 in the “Top 20 Coolest Cloud Vendors” by CRN, which provides IT channel-focused events and news. They have been labeled by Gleanster as the best small-to-medium business CRM suite in every one of the following categories: Ease of Deployment, Ease of Use, Features/Functionality, and Overall Value. By 2017 Acumatica Cloud ERP was awarded PCMag Editors’ Choice Award for “Best ERP Software”.
Recently, Acumatica was acquired by a global equity fund called EQT Partners, a leading investment firm with $45B of assets which also owns the Swedish based enterprise software provider Industrial and Financial Systems AB. In the Acumatica Press Release, this acquisition is “through an investment vehicle owned by the same holding company that holds IFS AB (Industrial and Financial Systems). To further reinforce this coalition, following the closing of the transaction Jonas Persson will serve as chairman for both companies. This acquisition is a push to be a larger player in the ERP industry, with Acumatica CEO Jon Roskill predicting the company to grow to a billion dollars in the next three years.
How will this affect Acumatica customers?
This acquisition is not expected to affect the Acumatica name or operation but instead should help them be able to support more customers around the world. CEO Jon Roskill said of the acquisition that “within the next couple of months, we’re going to be able to support customers globally.” This is big news for customers as they grow their businesses on a global level. Acumatica will now be able to have operations on every continent across fifteen different countries through IFS, another acquisition from EQT and a globally recognized leader in ERP software. This will help provide more opportunities and support for the already 5,000+ Acumatica customers. Acumatica has forecast an increase in their workforce by 40-50% each year which will allow them to provide more service to its merchants on a larger scale. Overall, merchants will not feel any negative effects from the acquisition and can look forward to more opportunities for support from Acumatica.
Here are a few additional articles on the recent acquisition you might enjoy:
- https://www.augforums.com/acumatica-gets-acquired-big-news/
- https://www.geekwire.com/2019/acumatica-acquired-uk-private-equity-firm-bid-take-microsoft-oracle/
Repay, formerly known as APS Payments, is excited to see Acumatica help more customers grow their business with the news, and we look forward to providing even more Acumatica users integrated payment processing solutions!
